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Safran launches 10 bln euro friendly takeover of Zodiac Aerospace - Le Figaro
January 18, 2017 / 9:44 PM / a year ago

Safran launches 10 bln euro friendly takeover of Zodiac Aerospace - Le Figaro

PARIS, Jan 18 (Reuters) - French aircraft engine maker Safran has launched a friendly takeover worth about 10 billion euros ($10.6 billion) for Zodiac Aerospace, the French daily Le Figaro reported on Wednesday, citing unidentified sources.

The paper said the merged corporation would have a turnover of about 21 billion euros. ($1 = 0.9405 euros) (Reporting by John Irish; Editing by Kevin Liffey)

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